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The CARD Act: Numerous APR hikes as phase 2 takes effect

Credit Cards
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Phase two of the CARD act has driven numerous revisions to APR’s and card offers.

  • First National Omaha Bank, Heartland Bank, and KeyBank raised APR’s across the board.
  • Citibank raised APR’s on most airline and retailer cards.

What does this mean for you?

If you carry a balance, many of the 7.99% APR rates from Heartland Bank and 8.99% APR rates from First National Omaha Bank are no longer an option. However, there are still many great options available at 7.25% for those with Excellent Credit. We endorse the Iberia Bank Visa Classic, or if you have pristine credit, the First Command Bank Platinum (the only ultra low APR card with no fee AND a 1% rewards program).